Cetera Investment Advisers Has $13.94 Million Position in Unilever PLC (NYSE:UL)

Cetera Investment Advisers grew its stake in shares of Unilever PLC (NYSE:UL) by 213.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 277,679 shares of the company’s stock after buying an additional 189,121 shares during the period. Cetera Investment Advisers’ holdings in Unilever were worth $13,937,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new position in Unilever in the fourth quarter worth about $151,263,000. Equity Investment Corp raised its position in Unilever by 107.1% in the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after purchasing an additional 1,505,233 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Unilever by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after buying an additional 1,114,417 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Unilever by 9.8% during the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock worth $525,716,000 after buying an additional 965,173 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Unilever by 121.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock worth $65,568,000 after buying an additional 741,363 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of NYSE:UL opened at $62.54 on Friday. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $62.65. The company’s fifty day simple moving average is $56.68 and its 200 day simple moving average is $52.32.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a $0.4773 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, August 9th.

Analyst Ratings Changes

UL has been the topic of several research analyst reports. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Saturday. Argus increased their price target on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and a consensus price target of $58.33.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.